How to Transfer HELOC?

Answer HELOC loans, commonly known as HELOCs, are mortgages on a home--usually in second position behind the first mortgage. These loans are often used for home improvements, large purchases (such as a bo... Read More »

Top Q&A For: How to Transfer HELOC

What is a HELOC?

"HELOC" is an abbreviation for "home equity line of credit". It is a line of credit that is secured by the the value of a home's equity (the difference between a home's value and the balance owed o... Read More »

What Is HELOC and MMA?

HELOC is short for "home equity line of credit," a way to borrow money against the value of your house. A Money Merge Account (MMA) is a type of financial product known as a mortgage accelerator.

Who should consider a HELOC mortgage?

On One Hand: Paying For CollegeConsider a home equity line of credit (HELOC) to assist with children's college expenses and loans. The HELOC will allow you to tap into the credit line over the cour... Read More »

What is a heloc rate?

A home equity line of credit (HELOC) is a type of credit that uses a home's equity value as collateral for the money that is borrowed. The rate of a HELOC is the interest rate that the borrower is ... Read More »